24/7 Wall St. Wire

Why Argus Sees IGT Shares Down Too Much and Too Fast

Shares of International Game Technology PLC (NYSE: IGT) have sold off handily over the last week, but the independent research firm Argus belies the drop has been too far too ...
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Double Analyst Upgrades Helping Baker Hughes

Baker Hughes, a GE Company (NYSE: BHGE) is likely to be considered a GE company for a shorter period than originally had been anticipated. With General Electric Co. (NYSE: GE) ...
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Raymond James Sees Mixed View on Barrick and Newmont on JV vs Merger

Newmont Mining Corp. (NYSE: NEM) has announced its special shareholder meeting and filed its proxy materials for the previously announced combination with Goldcorp Inc. (NYSE: GG). This is after Newmont ...
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Smokestacks

Disappointing Q4 GDP: The Taming of Growth

The U.S. Commerce Department has released its preliminary reading on fourth-quarter gross domestic product (GDP). Though the number is lower than the firm's growth figure of 5.0% for the third ...
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US_Dept_of_Labor

Jobless Claims Hit New Decade Low

The U.S. Labor Department is out with yet another installment of its weekly jobless claims report. While many of the economic numbers have been disappointing on a larger scale, the ...
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Janet_yellen

FOMC Patient, Rates Hikes Can Be Later Rather Than Sooner

Will Janet Yellen and the Federal Reserve raise rates in mid-2015, or will they push those rate hikes out into later in the year or even into 2016? That is ...
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The Case for Deflation After Labor Department Released CPI and PPI

So, all those fears about deflation that everyone was worried about in theory, they just might be starting to unfold, but this may be largely tied to falling oil and ...
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US_Dept_of_Labor

Unemployment Improves, Yet Labor Force Participation Hits Multiyear Low

The U.S. Department of Labor released the Unemployment Situation Report for the month of December. Overall, there was a solid pace in December, which signaled continued momentum for the labor ...
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Dallas

Dallas Fed Shows Low Oil Not Hurting Texas Manufacturing

The fears about falling oil prices have been the focus of conversations around the country. While many states and cities are happy to see lower gasoline prices at the pump, ...
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Ryanair Boeing 737

Durable Goods Not Even in Same Ballpark as GDP

The third-quarter gross domestic product (GDP) may have blown estimates out of the water, but the more recent durable goods report looked awful on the headline reading for November. This ...
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worker using torch cutter to cut through metal

GDP Revision Hits Decade High

The U.S. Commerce Department has released its revised reading on gross domestic product (GDP) for the third quarter of 2014. In a nutshell, this revised report blew the doors off ...
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Federal Reserve

Federal Reserve Stays Dovish in Last FOMC Meeting Ahead of 2015

Wednesday marked the last Federal Reserve meeting for the year 2014. The big question was whether Janet Yellen and fellow members of the Fed would leave in the "considerable period" ...
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Inflation

Mixed Inflation and Deflation News in Consumer Prices

Last week's report on the Labor Department's Producer Price Index showed that deflationary pressures were rising on the wholesale level. Now we have retail inflation and deflation numbers out via ...
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factory

The Deflation Debate Gets Louder After Producer Prices

The fears of deflation due to lower energy prices and lower demand are likely to get stronger. The U.S. Department of Labor reported that the Producer Price Index (PPI) was ...
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Weekly Jobless Claims Holding Steady

Weekly jobless claims were reported by the U.S. Labor Department on Thursday morning as 294,000. This reading was against a Bloomberg estimate of 295,000. The previous level was unchanged at 297,000, so no ...
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